Housing Market

housing affordability mortgage

CondoBusiness

National home price growth remains inflated: CMHC

According to CMHC’s latest Housing Market Assessment (HMA), national home price growth increased by seven per cent year-over-year at the end of Q3-2016.
energy efficiency

CondoBusiness

National average home price expected to dip in 2017

The Canadian Real Estate Association has updated its housing forecast for 2016 and 2017, although trends have evolved mostly as predicted in September.
new home sales

CondoBusiness

GTA home sales climb 21.5 per cent in September: TREB

According to the TREB, GTA realtors reported 9,902 sales through the MLS System in September 2016, which is a 21.5 per cent increase year-over-year.
milder decline in downtown Calgary

CondoBusiness

Problematic housing market conditions worsen

According to the most recent Housing Market Assessment from CMHC, problematic conditions in Canada's housing market have escalated since the last report.
REMI

CondoBusiness

Report warns against tightening mortgage rules

In a report released June 28, Will Dunning, Mortgage Professionals Canada’s chief economist, warned against further tightening mortgage lending conditions in Canada, saying it would significantly
working group

CondoBusiness

Working group launched to study housing market

In an effort to further its goal to help the middle class and those that are working hard to join it, the Government of Canada
Luxury housing market

CondoBusiness

National luxury housing market on upturn

Royal LePage has recently released the findings to a national survey of residential luxury real estate professionals on current and long-term trends in the luxury
REMI

CondoBusiness

CREA expects rebalanced housing market in 2016

The Canadian Real Estate Association (CREA) has updated its forecast for home sales through the MLS Systems for 2016 and has also included 2017 in
Overbuilding

CondoBusiness

Overvaluation to impact markets in 2016: CMHC

The latest Housing Market Assessment (HMA) from Canada Mortgage and Housing Corporation (CMHC) reports moderate evidence of overvaluation in housing markets across Canada during the
New home

CondoBusiness

Fall in prices could devastate young homeowners

According to a study released Nov. 9 from the Canadian Centre for Policy Alternatives (CCPA), young homeowners will be the most affected by a correction
Young couple moving in new house

CondoBusiness

Non-permanent residents shape housing market

According to a new CIBC World Markets report, non-permanent residents (NPRs) of Canada are reshaping the country’s housing market. The report, which notes that NPRs have now reached record levels, at 770,000 people, says this demographic is a major force capable of influencing macro-economic variables like housing activity.
5474211395_8fd5618d0e_b

CondoBusiness

Household debt levels a cause for concern: report

A new report from the International Monetary Fund (IMF) is raising concerns about the stability of Canada’s housing market. According to the global economy forum, Canadian household debt levels are among the highest recorded in Western countries.
Ottawa

CondoBusiness

Ottawa home sales down in February: OREB

According to data from the Ottawa Real Estate Board, a total of 853 residential properties were sold in Ottawa during the month of February, a decrease of 1.7 per cent from the year prior. The sales figure is also below the five-year average for February, which is 914 units.
National-crane-skill-test-now-available

CondoBusiness

Housing bubble definition inconclusive: report

A new report from Fortress Real Developments (Fortress) revealed that two-thirds of market experts agree that a major housing correction is not in the cards for Canadians over the next five years. In fact, the report, which sourced data from a variety of professional resources, said that analysts could not agree when it came to defining a “housing bubble.”
Toronto

CondoBusiness

February home sales up over last year: TREB

Despite record low temperatures recorded in Toronto this February, home sales increased by 11.3 per cent on an annual basis, according to the Toronto Real Estate Board (TREB). A total of 6,338 home sales were registered through the TorontoMLS system and increases were seen across most major housing types.
REMI

CondoBusiness

National home sales soften in January: CREA

National home sales fell 3.1 per cent from December of last year to January 2015, according to the latest month-over-month analysis from the Canadian Real Estate Association (CREA). Although fewer sales were recorded in approximately 60 per cent of all housing markets, the country’s weakest markets altered national totals significantly. These regions included Edmonton, Sask. and Calgary, Alta.
Edmonton

CondoBusiness

Alberta housing market to moderate this year

According to the Alberta Economic Outlook Q1 2015 report, prepared by the ATB Financial Economics and Research group (ATB), housing investments in Alberta are projected to remain flat or slightly lower in 2015, despite record-setting levels of residential building permits in Q3 2014. Factors affecting this prediction include slower population growth, increased caution on the part of developers and home buyers, heightened investor nervousness, and a softer job and wage market.